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Why are Web3 freelancers flocking to Braintrust (BTRST) crypto?

The Braintrust (BTRST) crypto is drawing attention after announcing a slew of benefits for its freelancing community as part of a beta program in partnership with other firms.
Braintrust provides mentorship, part-time, and full-time Web3 work opportunities besides healthcare benefits to freelancers. It has partnered with Opolis for the medical risk cover.
In addition, the firm offers work opportunities through its tie-ups with crypto companies like DFinity, Decentology, Sifchain, ConsesSys Mesh, and Provenance Blockchain Foundation.
On Tuesday, the Braintrust (BTRST) token traded up 8.74% to US$4.01 at 4:49 am ET. 
As the Web3 phenomenon grows big, many projects are exploring opportunities in the space.
One such interesting project is Braintrust, which aims to build a talent network.
The platform is controlled by community members who align or redistribute the incentives between freelancers and organizations.
Its biggest USP is the offer of full-time employment benefits to freelancers.
Continue reading: https://kalkinemedia.com/us/news/cryptocurrency/why-are-web3-freelancers-flocking-to-braintrust-btrst-crypto

Drone light show provider adopts anti-drone tech to make events safer

Germany-based Nocturne Drones, which specializes in putting together dazzling drone light shows for customers such as E.ON, Xbox, and the state of Saxony-Anhalt on the Day of German Unity, is announcing the formation of a new business unit to protect its events from unauthorized aircraft. Joining forces with San Francisco’s Dedrone, the company is establishing Nocturne Drone Defense Systems to integrate drone detection systems inside its drone show control vehicles.
Nocturne Drones recently broke a Guinness World Record for the most consecutive formations of drones. The company says its engineering team is also developing additional counterintelligence solutions for various applications. As Jens Hillenkötter, managing director of Nocturne Drones, explains:
Safety is our top priority. Since we often work in sensitive areas, it is our aim to make our shows even safer and to offer our customers complete protection against drones from a single source. In view of the ever-increasing danger posed by drones at events, we chose to partner with Dedrone, the world’s leading provider of airspace security.
Dedrone’s cloud-based system can detect, identify, locate, and mitigate nearly 300 different types of drones, including homemade drones. The company works with clients in 35 countries around the world, including military, government, law enforcement, critical infrastructure, airports, correctional facilities, stadiums, major events, and corporations.
Continue reading: https://dronedj.com/2022/05/03/nocturne-drones-dedrone/

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Web 3 Utilized In New Ways In The Film And Fitness Sector

Fantico, a digital platform that is a part of Vistas Media Capital is set to launch its own metaverse - called VistaVerse - at the Cannes Film Festival.
Kamal Haasan’s new movie, Vikram, is the vehicle being used to launch the digital sphere. The process will begin through non-fungible tokens (NFTs) of elements in and around the film, a utility-based NFT that will reportedly have many benefits.
“We are very excited to announce the launch of Vikram NFTs in VistaVerse, which is the first such utility-based NFTs with multiple benefits to the owner. We believe VistaVerse to be the first real and tangible metaverse in India, backed by 350 creative enthusiasts across seven businesses owned by Vistas Media Capital,” says Abhayanand Singh, Group CEO of Vistas Media Capital.
VistaVerse at present has several partnerships in place with production houses, celebrities, gaming firms, musicians and brands to bolster the backbone of its new Metaverse.
In a statement, the company said about the potential of the platform: “We will offer many more utilities to the buyers, such as access to unique artwork of characters, digital avatars, props, posters, mystery boxes, film memorabilia, fan interaction moments, private screenings, access to by−invite-only, to even a travelling VistaDome party, along with a choice to convert some of the NFTs to actual underlying tangible assets.”
Continue reading: https://www.forbes.com/sites/joshwilson/2022/05/03/web-3-utilized-in-new-ways-in-the-film-and-fitness-sector/?sh=16455db115fe

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Tuscaloosa County Sheriff’s Office introduce drones

According to Birmingham, Alabama-based news outlet 6WBRC, the scheme has taken over six months of planning. A group of deputies reportedly underwent training on how to operate the aircraft last week, with TCSO eventually planning to operate a fleet of at least eight drones as part of its patrol division.
TCSO’s SWAT team and Violent Crimes Unit will also reportedly receive drones, and the department has also acquired a new mobile drone command center for the new aircraft.
The aircraft are expected to offer greater flexibility for TCSO, as well as significant cost savings. According to TCSO Chief Loyd Baker, the drones cost between US$4,000 and $6,000 depending on size, while operating and maintaining the department’s two helicopters costs several hundred thousand dollars per year.
Continue reading: https://www.airmedandrescue.com/latest/news/tuscaloosa-county-sheriffs-office-introduce-drones

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What is a Cryptocurrency Broker?

Cryptocurrencies are all the rage these days with them emerging as a medium of exchange in the digital economy and in some cases rivaling traditional currencies in terms of efficiency. Cryptocurrencies are designed to exchange information digitally through a distribution system called a blockchain.
A blockchain is simply a decentralized ledger of all cryptocurrency transactions across a peer-to-peer network through which cryptocurrency holders can buy and sell goods and services, transfer funds, buy digital items such as NFTS, donate to charities, and more. There are quite a number of cryptocurrencies to choose from which can be traded through some of the best crypto exchanges, payment services, or crypto brokers. In this article, we will discuss cryptocurrency brokers.
What Does a Cryptocurrency Broker do?
Cryptocurrency brokers are similar to traditional brokers that can be a platform, firm, or individual that acts as an intermediary between the cryptocurrency markets and you and facilitates the buying and selling of cryptocurrencies. In some cases, a crypto broker may offer derivatives products to traders, where traders can enter contracts to speculate on the price of cryptocurrencies.
Cryptocurrency derivatives may include crypto options, trading CFDs, crypto futures, and crypto Contract for Differences (CFD) which are financial contracts that pay the differences in the settlement price between the open and closing trade. For the services rendered brokers charge users premiums for using the platform.
Continue reading: https://smallbiztrends.com/2022/05/cryptocurrency-broker.html

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Blockchain and NFTs: Impact on B2B Marketers

Blockchain technology and NFTs are promising technologies, several major businesses have already begun to use them and proved that they can produce actual engagement.
B2B Marketers are constantly looking for new methods and technologies to achieve a competitive edge, so it’s not a surprise that there’s been a bit of talk about how NFTs and blockchain technology may help companies.
What Are NFTs? 
NFT – also known as Non-Fungible Token. Fungible means something which can be exchanged with something which holds similar value. For example, cryptocurrencies are fungible because they employ a digital public record of transactions known as a blockchain.
NFTs are digital assets that can be purchased and traded using blockchain technology. However, unlike cryptocurrencies, NFTs are not fungible, and they are classified as a separate category of assets.
Some NFTs sold in the recent market for millions of dollars, including an NFT by digital artist Beeple that sold for an eye-watering $69.3 million at Christie’s in March.
NFTs for B2B Marketers 
NFTs are extremely versatile and may be utilized for almost anything today. B2B marketers initially might have difficulty visualizing how NFTs may be linked to their marketing plan. NFTs may be considered a direct approach to engage with your consumers — ownership is a strong concept that fosters a tighter link between your customer and your business.
B2B marketers may profit from NFTs in a variety of ways, including:
Continue reading: https://martechseries.com/mts-insights/staff-writers/benefits-of-blockchain-and-nft-for-b2b-marketers/

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Are there rules governing drones?

In 2022 drones are filling our skies and roads. Hobbyists are buying drones for recreation; photographers are taking aerial photos; children are using drones controlled by iPhones. Amazon is expected to bring package delivery via drone this fall. You may be wondering if drones can fly over your house.
There are plenty of rules governing drones. Let’s take a quick look.
Federal Rules Governing Drones
In 2016 the Federal Aviation Administration, or FAA, began issuing remote pilot licenses for commercial purposes and to hobbyists who qualify and pass their licensing exam. With or without a license, drone pilots must generally abide by rules that:
  • limit flying over people without prior consent,
  • keep the drone under 400 feet,
  • obey a 100 mph speed limit,
  • keep a five-mile distance away from an airport,
  • stay within the operator’s line of sight, and
  • restrict flying to generally good weather.
Airspace is becoming more congested and regulated. As of 2020, the FAA began requiring regular aircraft in controlled airspace (generally above 500 feet or near airports) to install a passive transmitter that broadcasts its location and speed to all nearby aircraft.
The FAA took a similar tact with drones recently. The Remote ID rule is now in effect for manufacturers. Drone owners are required to comply by September of 2023.
Presumably, with Remote ID all drones will be traceable. Just as automobile license plates ID the vehicle owner, drones should have an ID broadcast which can be picked up. This presumably will pave the way for tightly controlled airspace below 500 feet. Theoretically, it can be filled with drone traffic.
Basic Wisconsin Rules
The state prohibits using a drone as a weapon, damaging property, invading privacy, or operating over prohibited areas. Drones may not be operated over any state parks or correctional facilities other than by permission or special exception.
Localities can prohibit or limit drone use on the property, including local parks, city buildings, stadiums, or certain special events. However, localities cannot make rules about the ownership or operation of drones.
Homeowners can restrict drones from use on or over their property that photograph or invade privacy. The police and sheriff’s departments enforce such matters.
Reporting Drone Misuse
Drones may not be operated recklessly or low enough to interfere with existing uses by the owner. If a drone is invading someone’s privacy – such as landing in a neighbor’s fenced-in backyard – it may be in violation of the state law. Reach out first to your local police and county sheriff’s departments.
Continue reading: https://wnanews.com/2022/05/03/are-there-rules-governing-drones/

Ten benefits blockchain brings to supply chains

Blockchain technology makes supply chains and sourcing more transparent, secure and efficient, and also reduces the risk of unknown ESG transgressions
Supply chain advantage of blockchain: 10. Increases security
Blockchain tech prevents important regulations being bypassed through its rogour in closing loopholes. Examples include protection against data tampering, and the creation of ‘ghost employees’. Blockchain can create a transparent audit trail of actions that cannot be manipulated.
Supply chain advantage of blockchain: 9. Sustainability 
By closing down illegal and unethical practices, Blockchain helps industry and governments act more sustainably. The tech brings unparalleled traceability which can help reduce environment transgressions such as illegally exported timber, or environmentally unsound palm oil trade..
Supply chain advantage of blockchain: 8. Objectivity
Blockchain tech makes decisions based on objective data. This eliminates human input that is based on ulterior motives like maximizing profits. For example, the decision to fell or not to fell an individual tree will be based on verified data, rather than by distorting important - and more expensive - practices such as environmentally sound felling.
Continue reading: https://supplychaindigital.com/articles/ten-benefits-blockchain-brings-to-supply-chains

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Blockchain interoperability is essential to avoid the flaws of Web2

Blockchains are not merely storage and communication protocols. Each of them has a history, community and culture worth protecting.
Some communities are more focused on creating “sound money” alternatives to current fiat systems. Others are working hard to maximize raw computing power or storage capacity. Some blockchains allow users to collect basketball shots and other sports moments. Others are emerging as metaverses for developing a particular cultural or gaming culture.
We need to nurture spaces for these communities to grow and innovate. Like borders, languages and currencies, blockchain designs allow cultural particularities to thrive instead of being absorbed by the more powerful neighbor.
We need to promote diversity. And, just like in the real world, we must also encourage dialogue between communities. We must invest in bridges that allow blockchain ecosystems to communicate, as long as these bridges emerge organically to serve the needs of their users, rather than top-down as a result of government-sponsored standards.
Continue reading: https://venturebeat.com/2022/05/03/blockchain-interoperability-is-essential-to-avoid-the-flaws-of-web2/

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Why eliminating A.I. bias is harder than it seems

For business, algorithmic bias has become a big issue. Many companies, and the software vendors selling them A.I., worry that their automated systems unfairly discriminate against protected classes of individuals, risking legal, regulatory, and reputational trouble. Fear of algorithmic bias has slowed deployment of A.I. in many sectors. It has also opened up a whole sub-industry of consultants and software vendors that sell tools to detect algorithmic bias and try to mitigate it. Much of the focus has been on how to fix biased data. Minority groups are underrepresented in most datasets—in fact, due to overt and implicit discrimination and human bias, they are often far less represented in the data than they are even in a given population. This mean A.I. systems trained on this data won’t perform as well for minority groups. One solution has been to try to curate better datasets, with better minority representation. Another has been to test rigorously to make sure that historical biases, such as unfair lending practices, are not replicated by A.I. But it turns out that mitigating bias is far harder than even many experts assume, as a story last week in the tech publication The Register pointed out. The story cited a research paper published in the science journal Science Advances that looked at racial bias in an A.I. system designed to classify brain activity from functional magnetic resonance image (fMRI) scans. It turns out that the datasets of fMRI data used to train these kind of A.I. systems don't have much data from Black Americans. So it’s not surprisingly that the algorithms performed poorly on scans of Black patients. But what is surprising is that even when the researchers curated a training dataset consisting only of data from Black Americans, the resulting system still performed worse on Black patients than the standard system performed on white patients.
Continue reading: https://fortune.com/2022/05/03/eliminating-ai-bias-algorithms-difficult/

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Artificial Intelligence: Ethics Versus Public Policy

The computing field is currently experiencing an image crisis. In 2017, Wall Street Journal columnist Peggy Noonan described Silicon Valley executives as “moral Martians who operate on some weird new postmodern ethical wavelength” [4]. Niall Ferguson—a historian at Stanford University’s Hoover Institution—defined cyberspace as “cyberia, a dark and lawless realm where malevolent actors range” [7]. The following year, Salesforce CEO Marc Benioff declared that a “crisis of trust” affects data privacy and cybersecurity.
Many people view this situation as a crisis of ethics. In October 2018, The New York Times reported that “some think chief ethics officers could help technology companies navigate political and social questions” [6]. Numerous academic institutions are hurriedly launching new courses on computing, ethics, and society. Others are taking broader initiatives and integrating ethics across their computing curricula. The ongoing narrative implies that (i) a deficit of ethics ails the modern technology community and (ii) an injection of ethics is the remedy.
The prospect of increasingly powerful artificial intelligence (AI), which has marched from milestone to milestone over the past decade, is of specific concern. In recent years, many challenging problems—such as machine vision and natural language processing—have proven amenable to machine learning (ML) in general and deep learning in particular. Growing concerns about AI have only intensified the ethics narrative. For example, the Vatican’s Rome Call for AI Ethics has found support with a myriad of organizations, including tech companies. Multiple tech companies are also involved with the Partnership on AI, which was established “to study and formulate best practices on AI technologies, to advance the public’s understanding of AI, and to serve as an open platform for discussion and engagement about AI and its influences on people and society” [5]. Facebook (now Meta) has donated millions of U.S. dollars to establish a new Institute for Ethics in Artificial Intelligence at the Technical University of Munich, since “ensuring the responsible and thoughtful use of AI is foundational to everything we do” [1]. Google announced that it “is committed to making progress in the responsible development of AI.”
Continue reading: https://sinews.siam.org/Details-Page/artificial-intelligence-ethics-versus-public-policy

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The Rise Of Artificial Intelligence: Will Robots Actually Replace People?

Robots and artificial intelligence (AI) are expected to permeate our daily lives by 2025. This could have huge implications on several business sectors, most notably health care, customer service, and logistics. Already, AI is responsible for medical research breakthroughs and climate research, not to mention self-driving cars.
Will robots replace human workers?
The answer to that seems to be divided. According to PEW research, about half (48%) of experts surveyed felt that robots and digital agents will displace a significant number of blue- and white-collar jobs. Their concern is that this will increase income inequality and create a mass of virtually unemployable people. The other half (52%) expect robotics and AI to create more jobs than they take. This latter half believes that while AI will replace humans, these experts have faith in human ingenuity to create new jobs, industries, and new ways of making a living – much like at the dawn of the Industrial Revolution.
Of interest in the PEW study, both groups are concerned that our educational institutions are not adequately preparing people for the job market of tomorrow.
Continue reading: https://www.forbes.com/sites/ashleystahl/2022/05/03/the-rise-of-artificial-intelligence-will-robots-actually-replace-people/?sh=48c306833299

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DNS bug found in C standard library used in popular IoT products

Researchers on Monday reported they discovered a vulnerability affecting the DNS implementation of all versions of uClibc and uClibc-ng, a popular C standard library in many well-known IoT products.
In a blog post, Nozomi Networks Labs said the flaw was caused by the predictability of transaction IDs included in the DNS requests generated by the library, which may let attackers perform DNS poisoning attacks against the targeted devices.
The researchers reported that major vendors such as Linksys, Netgear, and Axis, as well as Linux distributions such as Embedded Gentoo use uClibc. The researchers explained that uClibc-ng was specifically designed for OpenWRT, a common OS for routers possibly deployed throughout various critical infrastructure sectors.
Because the library maintainer was unable to develop a fix, this vulnerability remains unpatched. That’s why Nozomi Networks didn’t disclose the details on the devices in which they were able to expose this vulnerability.
"Threat actors are increasingly focused on delivering vulnerabilities through open source software libraries and exploiting them through IoT devices,” said Bud Broomhead, CEO at Viakoo.
Broomhead said this gives many advantages to cyber criminals: they can make many devices vulnerable through the use of commonly used software libraries, and because IoT devices often lack IT-class security solutions, threat actors can breach these devices without detection in many cases. 
Continue reading: https://www.scmagazine.com/news/application-security/dns-bug-found-in-c-standard-library-used-in-popular-iot-products%EF%BF%BC

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How IoT in the supply chain can help manufacturers

Everything from the COVID-19 pandemic to global instability has companies across sectors racing to shore up supply chains. The lessons learned over the past several years have been hard ones – and there’s no going back to the way things used to be. More visibility, along with more transparency, more security and more redundancies will all be top of mind for businesses who rely on a complex network of suppliers to bring their products and services to life.
Key to that visibility is a steady stream of real-time data. Companies need a strong ecosystem of connected devices to gather that data, and a reliable, fast and secure communications network to store, process and analyze it, providing instant, actionable insight. The Internet of Things (IoT), particularly Massive IoT applications, as well as a subset of the broader IoT referred to as the Industrial Internet of Things (IIoT), will be critical for manufacturers moving forward. Implementing IoT in the supply chain can be a transformative tool. Combined with private cellular networks as the engines that power this data gathering ecosystem, supply chain can be leaner, more efficient and more resilient.
Data-driven solutions help manufacturers manage the supply chain
This transformation will depend on an advanced network of sensors and other monitoring devices, as well as automated small robots like automated guided vehicles (AGVs) and drones.
It’s important to note that there are two distinct IoT infrastructures supporting these technologies – fitting the right system and the right network to the task will be crucial. Massive IoT involves wider area use cases and simpler devices like temperature sensors.
For instance, one of the most common IoT supply chain solutions monitors temperature inside vehicles transporting goods, tracking in real time things like pressure, humidity, and more. IoT devices cannot only monitor but also trigger automatic condition adjustments to protect the integrity of what’s being transported.
Industrial IoT is generally a network of smaller, smart devices that connect to form systems that can collect, exchange and analyze data in real time in settings like a warehouse or factory.
For example, at Ericsson’s 5G smart factory in Lewisville, Texas, a digital asset tracking solution integrates with factory floor sensors to track critical assets’ location, condition and status, providing real-time visibility of finished goods into the production floor. The program has delivered a 2-5 percent cost avoidance on indirect spare purchase items – critical during the current supply chain shortage.
Asset condition monitoring is another key area for manufacturers as global supply chain issues make obtaining spare parts more difficult. These programs can make predictive maintenance more effective, by collecting data to determine exactly when maintenance needs to be performed. Ericsson’s research has found that manufacturers can reduce the number of spare parts required by 10 percent with asset condition monitoring.
Continue reading: https://www.ericsson.com/en/blog/2022/5/how-iot-in-the-supply-chain-can-help-manufacturers

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Younger employees breaking long-standing workplace taboo and share salaries

Many consider it taboo to tell your co-workers how much money you make. Yet, a recent nationwide survey by financial company, Bankrate, shows the outlook on a longstanding workplace tradition may be starting to change.
Survey results show almost 42% of Gen Z workers (ages 18-25) and 40% of Millennials (ages 26-41) have shared their salary information with a coworker or another professional contact compared to 31% of Gen Xers (ages 42-57) and 19% of Baby Boomers (ages 58-76).
Mykail James, a program planner, and scheduler in the defense industry openly posts on TikTok about budgeting and salary transparency.
The 26-year-old shares her base salary is about $90,000 a year and in some of her TikTok messages, she even goes so far as to teach others how to break into her industry.
"When people don't know how much you're being paid, you can't honestly fight for fair payment," said James.
"Salary transparency doesn't only mean that I'm going to ask for more. It's understanding how I can negotiate that for more," she added.
Continue read: https://www.tmj4.com/news/local-news/younger-employees-breaking-long-standing-workplace-taboo-and-share-salaries

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Salary transparency in workplace an important equality tool

Being open about how much you earn can be an uncomfortable but important conversation.
South Africa, in particular, is faced with a widening race and gender pay gap, impacting pay differences even in those that are equally qualified for the position.
John Maytham speaks to Bryden Morton, who is an executive director at 21st Century Remuneration, about salary transparency in the workplace.
In comparison to the rest of the world, South Africa's gini coefficient influences income inequality, which Morton says manifests itself in salary differences between employees.
We have large inequality issues relative to other places in the world. Bryden Morton, Executive Director at 21st Century Remuneration
From an employer's point of view, it can pose a threat, giving competitors the upper hand to swoop in and recruit employees based on how much they are being remunerated.
Being open about how much you earn can be an uncomfortable but important conversation.
South Africa, in particular, is faced with a widening race and gender pay gap, impacting pay differences even in those that are equally qualified for the position.
John Maytham speaks to Bryden Morton, who is an executive director at 21st Century Remuneration, about salary transparency in the workplace.
In comparison to the rest of the world, South Africa's gini coefficient influences income inequality, which Morton says manifests itself in salary differences between employees.
We have large inequality issues relative to other places in the world. Bryden Morton, Executive Director at 21st Century Remuneration
From an employer's point of view, it can pose a threat, giving competitors the upper hand to swoop in and recruit employees based on how much they are being remunerated.
Continue reading and listen in: https://www.capetalk.co.za/articles/444240/salary-transparency-in-workplace-an-important-equality-tool

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A comprehensive look at artificial intelligence technologies revolutionizing society

Analytics Insights presents a comprehensive study of Artificial Intelligence technologies revolutionizing business
Artificial Intelligence (AI) is a vast field of computer science concerned with developing smart machines capable of performing a wide range of tasks. The technology is also known as machine intelligence and attempts to mimic humans enabling software applications or systems to act with varying degrees of autonomy. AI makes it possible for machines to solve problems and even paves the way for automation. Analytics Insights has accumulated here a comprehensive look at Artificial Intelligence technologies that are revolutionizing society and business as well. Below are their definitions:
Machine Learning
Machine learning is an application of artificial intelligence (AI) that provides systems the ability to automatically learn and improve from experience without being explicitly programmed. Machine learning focuses on the development of computer programs that can access data and use it to learn for themselves. The process of learning begins with observations or data, direct experience, or instruction, in order to look for patterns in data and make better decisions in the future based on the examples. The primary aim is to allow the computers to learn automatically without human intervention or assistance and adjust actions accordingly.
Continue reading: https://www.analyticsinsight.net/a-comprehensive-look-at-artificial-intelligence-technologies-revolutionizing-society/

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How Pay Transparency Can Help Combat Inflation

Dealing with inflation isn’t as simple as implementing higher wages. Inflation has added to the thorny list of challenges for HR professionals, which includes the nagging pandemic and the ongoing Great Resignation. Combating inflation in a way that supports employees can be complicated. Strategies for dealing with inflation comprise a delicate dance between money, benefits, and wellness programs. As prices rise and salaries (for the most part) remain stagnant, American workers will be challenged to understand their financial health better. HR professionals are leveraging technology that can provide creative financial solutions to help employees combat inflation. 
The Challenge of Matching Raises With Inflation
While the easy solution would be for companies of all sizes to grant their employees a 7.5% pay increase, imagine the following scenario: depending on your current state of hybrid work, you either march into the CFOs office or set up an online meeting during which you say, “Hey, I know you’re busy, but I’m sure you saw the latest inflation figures, and I need a 7.5% salary increase. Across the board.”
“Right,” says the CFO. “Reasonable request. I’ll do it right after lunch.”
See, said CFO is a bit sarcastic. It’s unlikely a financial leader would ever approve a 7.5% wage increase, even if the cost of living goes up in accordance with inflation, which it will do if current geopolitical and domestic issues hold. In fact, 7.5% could even be considered conservative. The current inflationary spiral puts HR executives in a tight spot. Yes, inflation will cut expendable income, and no, the CFO isn’t going to see a wage hike as doable. A recent research report from Grant Thornton finds that just 57% of CFOs are optimistic about the next six months, down from 69% in December. To address the inflation issue, 52% of CFOs said they would focus on cash flow, liquidity, and bolstering cash reserves as their first choice.
So much for that 7.5% solution. 
Why Inflation Conversations Are About More Than Just Payroll
Dealing with inflation from an employee engagement, recruitment, and retention standpoint isn’t as simple as recalibrating payroll. Here’s where the dance between wages, benefits, and wellness comes in… of course, wages are important. A February 2022 Gallup research poll showed that pay and wellbeing-related issues had risen significantly in recent years, taking spots one and two in importance at a job. About half of workers are looking for jobs that provide greater stability and security than they currently have. Why? Because, as Gallup says, “stability and security are based on future expectations; as expectations for the future change, what job security means is likely to change too.”
Continue reading: https://www.toolbox.com/hr/benefits-compensation/guest-article/how-pay-transparency-can-help-combat-inflation/
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Being open about pay would make it harder to hire minorities? That sounds like corporate BS to me

n average job description these days reads something like this. DutiesEverything from editing short films to creating pivot tables in Excel to wowing clients with interpretative dance! Hours: Every single hour in the day. Qualifications: 15 years in this field, plus a PhD. Compensation: Haha, why would we tell you that? Nah, you’re going to have to waste your time filling in a ton of paperwork and going to a bunch of interviews before we’ll let you in on that little secret. For now, all we can say is that it’s “competitive”. But not so “competitive” that we’re keen to advertise it.
As anyone who has ever looked for a job knows, companies can be maddeningly cryptic about their compensation packages; it’s pretty rare to see a salary range in job postings. But that’s starting to change. There is a growing body of evidence that salary transparency is a powerful tool in closing the gender and racial pay gap, and there’s increasing pressure around the world for employers to start being more open about what they pay people. The EU, for example, is currently mulling a groundbreaking proposal that would mean large employers would have to provide salary ranges on job ads and workers would have the right to request pay data broken down by gender and job level.
Across the Atlantic, there’s a similar fight for pay transparency. Last year, New York City passed a major new law that would require companies with more than four employees to list the minimum and maximum pay the employer “in good faith believes” it will pay. That law was supposed to come into effect this month but, at the very last moment, it got postponed until November.
Why the delay? Well, you’ll be glad to know that it’s because corporations just want everything to be fair and right. They have all our best interests at heart. In one of the most stunning examples of disingenuous corporate nonsense I have ever seen (and I’ve seen a lot of corporate nonsense) a coalition of NYC business groups complained to the city council that salary transparency requirements would hurt diversity efforts. According to the letter these jokers drafted: “In the context of achieving diversity goals, the posted maximum may be significantly higher than the historical salary ranges, creating dissatisfaction in the workforce.” These people have the gall to argue that companies are falling over themselves trying to give “diverse hires” massive pay packets and salary transparency laws would hinder these valiant efforts because all the non-diverse people would get upset. This, I can’t stress enough, is utter BS. You just need to look at the gender pay gap to see that it’s BS. To reiterate, a lot of research shows that the gender gap dramatically shrinks when employers adopt transparent pay practices. Weaponising diversity to try to undermine an initiative that would almost certainly help non-white, non-male candidates is vile.
Continue reading: https://www.theguardian.com/commentisfree/2022/may/03/being-open-about-pay-would-make-it-harder-to-hire-minorities-that-sounds-like-corporate-bs-to-me

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NYC Amends Upcoming Salary Transparency Law and Releases Key Guidance

Q: I heard that New York City recently amended the salary transparency law. What are the key aspects of the amendment and when does it go into effect?
A: As discussed in our previous post, an upcoming law requires New York City employers to include salary bands in job advertisements or postings. Employers must include the minimum and maximum salary or hourly rate for the position, and the requirement applies to both internal and external postings.
On April 28, the New York City Council voted to make key amendments to the upcoming salary transparency law. The most important changes include:
  • Delaying the effective date to November 1 (the original date was May 15);
  • Excluding employers with less than 15 employees (the original law covered employers with four or more employees);
  • Excluding positions that “cannot or will not be performed, at least in part” in New York City; and
  • Providing that only current employees can bring a cause of action against their current employers regarding an advertisement for a job, promotion, or transfer opportunity (so third-party applicants cannot bring a claim).
The amendments left open the question of whether the law applies to remote positions that can be, but are not required to be, performed in New York City.
The New York City Commission on Human Rights also released guidance on the new law, which addressed many outstanding questions, including:
  • Employers Covered: Employees are counted regardless of geographic location. For example, if five employees work in New York City and 10 employees work elsewhere, the employer is covered for purposes of the salary transparency law.
  • Types of Postings Covered: The law applies to all “written descriptions of an available job, promotion, or transfer opportunity publicized to a pool of potential applicants.” It applies to both internal and external opportunities, regardless of the posting medium (internal intranets, newspaper advertisements, online postings, etc.). It also applies to numerous types of worker relationships, including internships and independent contractors.
  • Information Provided: The posting must include the minimum and maximum salary or hourly rate that employers believe in good faith they are willing to pay for the advertised position. The range cannot be open ended (for example, “$15/hour and up) — it must include both a minimum and maximum. If the employer has no flexibility, the minimum and maximum may be the same (for example, “$20 per hour). Salary includes the base wage or rate of pay, but does not include other forms of compensation or benefits, such as paid time off, commission, and bonuses.
Continue reading: https://www.jdsupra.com/legalnews/nyc-amends-upcoming-salary-transparency-4574768/

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Meta has built a massive new language AI—and it’s giving it away for free

Meta’s AI lab has created a massive new language model that shares both the remarkable abilities and the harmful flaws of OpenAI’s pioneering neural network GPT-3. And in an unprecedented move for Big Tech, it is giving it away to researchers—together with details about how it was built and trained.
“We strongly believe that the ability for others to scrutinize your work is an important part of research. We really invite that collaboration,” says Joelle Pineau, a longtime advocate for transparency in the development of technology, who is now managing director at Meta AI.
Meta’s move is the first time that a fully trained large language model will be made available to any researcher who wants to study it. The news has been welcomed by many concerned about the way this powerful technology is being built by small teams behind closed doors.
“I applaud the transparency here,” says Emily M. Bender, a computational linguist at the University of Washington and a frequent critic of the way language models are developed and deployed.  
“It’s a great move,” says Thomas Wolf, chief scientist at Hugging Face, the AI startup behind BigScience, a project in which more than 1,000 volunteers around the world are collaborating on an open-source language model. “The more open models the better,” he says.
Large language models—powerful programs that can generate paragraphs of text and mimic human conversation—have become one of the hottest trends in AI in the last couple of years. But they have deep flaws, parroting misinformation, prejudice, and toxic language.
In theory, putting more people to work on the problem should help. Yet because language models require vast amounts of data and computing power to train, they have so far remained projects for rich tech firms. The wider research community, including ethicists and social scientists concerned about their misuse, has had to watch from the sidelines.  
Meta AI says it wants to change that. “Many of us have been university researchers,” says Pineau. “We know the gap that exists between universities and industry in terms of the ability to build these models. Making this one available to researchers was a no-brainer.” She hopes that others will pore over their work and pull it apart or build on it. Breakthroughs come faster when more people are involved, she says.
Meta is making its model, called Open Pretrained Transformer (OPT), available for non-commercial use. It is also releasing its code and a logbook that documents the training process. The logbook contains daily updates from members of the team about the training data: how it was added to the model and when, what worked and what didn’t. In more than 100 pages of notes, the researchers log every bug, crash, and reboot in a three-month training process that ran nonstop from October 2021 to January 2022.
With 175 billion parameters (the values in a neural network that get tweaked during training), OPT is the same size as GPT-3. This was by design, says Pineau. The team built OPT to match GPT-3 both in its accuracy on language tasks and in its toxicity. OpenAI has made GPT-3 available as a paid service but has not shared the model itself or its code. The idea was to provide researchers with a similar language model to study, says Pineau.
Continue reading: https://www.technologyreview.com/2022/05/03/1051691/meta-ai-large-language-model-gpt3-ethics-huggingface-transparency/

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The DEI Road Map: How Tech Companies Can Achieve Their Diversity And Inclusion Goals

The challenges faced by corporate America regarding its efforts to improve performance in diversity, equity and inclusion, or the lack thereof, continue to escalate. The frustration on this issue of poor performance in not moving the needle fast enough is particularly prevalent in the technology sector. There’s been progress made toward gender equality, however, studies indicate women are significantly less likely to work in tech—notably in leadership roles. Black, Latinx and Indigenous people remain underrepresented groups in tech. Even when hired, some may leave or consider leaving tech jobs due to concerns about feeling unwelcome or uncomfortable at a higher rate than their white counterparts.
I joined Lam Research because I saw a unique opportunity to address the prevalent inclusion and diversity challenges facing the tech industry and, more specifically, semiconductor companies. To advance the conversation around this issue, I participated in a panel at SEMICON West in December 2021 that highlighted why prioritizing diversity, equity and inclusion is not just the right thing to do, it is the new business imperative—crucial to combatting the existing tech talent shortage. The panel brought together industry luminaries to promote accountability, share best practices and increase opportunity around the path forward for advancing diversity, equity and inclusion.
Business and HR leaders operating in tech have the power to promote accountability and increase transparency on the path forward for advancing diversity, equity and inclusion.
Understand Diversity’s Business Impact
If organizations aren’t actively working toward becoming inclusive, they are excluding an entire talent pool. This oversight doesn’t impact just labor force diversity; it has direct implications for corporate strategy and performance. According to McKinsey, the most diverse organizations are now more likely than ever to outperform their less diverse peers.
Continue reading: 
https://www.forbes.com/sites/forbeshumanresourcescouncil/2022/05/02/the-dei-road-map-how-tech-companies-can-achieve-their-diversity-and-inclusion-goals/?sh=d3e9447072c7

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Blockchain Definition

All you need to know about blockchain technology and how it enables cryptocurrency transactions and other services.
What Is Blockchain?
A blockchain is a digital ledger of transactions that is replicated and distributed across a large network of computer systems, or nodes, to record and secure information.
Each block in the blockchain contains a specific number of transactions, and each time a new block is added to the chain, it is added to every network node's ledger. This type of database system utilizes distributed ledger technology. Blockchains are considered decentralized because the data is verified by a majority of the nodes in the network, making all the network participants collectively responsible for security rather than a single central entity.
How Does Blockchain Work?
Each party involved in a blockchain transaction has a private key and a public key. These keys are strings of data used to identify a user that function like passwords. By using both private and public keys, each user involved in a blockchain transaction can authenticate themselves via digital signatures.
Once the two parties agree on the transaction, a blockchain network consensus must validate the transaction before it is added to a block in the blockchain. The people who operate the computers that serve as nodes in the blockchains are incentivized to verify transactions via rewards.
Continue reading: https://money.usnews.com/investing/term/blockchain

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Interoperability: Unleashing the True Benefits of Web3 and the Metaverse

Imagine yourself stranded on an island, unable to communicate with anyone. Would you embrace this isolation, or try to find ways to communicate with the outside world? It seems that most of us do not favor isolation on any scale. Any movie about stranded people on an island – from “Robinson Crusoe” to “Cast Away” – always depict a situation where stranded people long for the moment they will be able to communicate with the world outside of the island.
So why would we wish to be on a platform, a virtual space, or metaverse that is essentially an island?
In the age of the internet, we have learned to appreciate accessibility, mobility and connectivity on a global scale, and the experience of the latest pandemic has enhanced our demand for more mobility and connectivity.
Let’s look at the case of the online game Ghost Recon Breakpoint, developed by Ubisoft. Early this year, Ubisoft launched non-fungible tokens (NFTs) for the game, with a promise for future NFT drops to come. On its Quartz digits site, it said: “Thank you to all Ghost Recon® Breakpoint players who claimed their first Digits! You own a piece of the game and have left your mark in its history. As the last Digit for Ghost Recon® Breakpoint was released on 3/17/2022, stay tuned for more updates with features to the platform and future drops coming with other games!”
 
But then in early April, it announced that they will no longer support NFTs in its game. What can those who purchased the NFTs do? Can they be used in other games or resold?
As the events unfold, we see two broken promises of the concept of NFTs in games.
Continue reading: https://www.nasdaq.com/articles/interoperability%3A-unleashing-the-true-benefits-of-web3-and-the-metaverse

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Decentralized Platforms: Existential For Web3 In Enterprises

There is a lot of hype surrounding Web3 lately, with several protocols and decentralized applications backed by venture capital investments popping up all over the planet. While there is immense value in fully operationalizing the decentralized internet, many of these efforts are half-baked or misguided, resulting in a lack of adoption and live use cases at a reasonable scale.
The core issues surrounding this include a lack of decentralized platforms, poor enterprise-grade integrations, the inability to reconcile Web 2.0 migrations and more. The dPlat category specifically is likely to be essential for enterprise adoption of blockchain and Web3.
The Web3 Conundrum
Web3 is a new paradigm and not a natural extension of Web 2.0, as many folks believe. It’s flipped on its head, especially for those with traditional application development backgrounds. In the Web 2.0 world or the old economy, people seldom cared about protocols like TCP/IP or HTTP. Applications absorbed most of the economic value.
In Web3, applications will come and go, while layer-one protocols such as Ethereum, Cardano, Avalanche and more will accrue most of the economic value when people build on them and commit transactions to their blockchains. The longevity and value delivery for these protocols depend on ecosystem scale, stickiness and ease of use.
Continue reading: 
https://www.forbes.com/sites/forbestechcouncil/2022/05/02/decentralized-platforms-existential-for-web3-in-enterprises/?sh=119e83e1bcc8

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